SPDR SP Etf Performance

SIMS
 Etf
  

USD 35.47  0.29  0.81%   

The entity has a beta of 1.3912, which indicates a somewhat significant risk relative to the market. Let's try to break down what SPDR SP's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, SPDR SP will likely underperform. Although it is important to respect SPDR SP Kensho current price movements, it is better to be realistic regarding the information on the equity's historical returns. The approach towards measuring future performance of any etf is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By examining SPDR SP Kensho technical indicators, you can now evaluate if the expected return of 0.0336% will be sustainable into the future.
  
SPDR SP Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in SPDR SP Kensho are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. Even with relatively invariable primary indicators, SPDR SP is not utilizing all of its potentials. The current stock price agitation, may contribute to short-term losses for the retail investors. ...more

SPDR SP Price Channel

Fifty Two Week Low30.37
Fifty Two Week High47.15

SPDR SP Relative Risk vs. Return Landscape

If you would invest  3,529  in SPDR SP Kensho on September 2, 2022 and sell it today you would earn a total of  18.00  from holding SPDR SP Kensho or generate 0.51% return on investment over 90 days. SPDR SP Kensho is currently generating 0.0336% in daily expected returns and assumes 2.2852% risk (volatility on return distribution) over the 90 days horizon. In different words, 19% of etfs are less volatile than SPDR SP, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Daily Expected Return (%)  
       Risk (%)  
Given the investment horizon of 90 days SPDR SP is expected to generate 3.72 times less return on investment than the market. In addition to that, the company is 1.52 times more volatile than its market benchmark. It trades about 0.01 of its total potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.08 per unit of volatility.

SPDR SP Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for SPDR SP's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as SPDR SP Kensho, and traders can use it to determine the average amount a SPDR SP's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0147

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Estimated Market Risk
 2.29
  actual daily
 
 19 %
of total potential
 
1919
Expected Return
 0.03
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Risk-Adjusted Return
 0.01
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Based on monthly moving average SPDR SP is performing at about 1% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of SPDR SP by adding it to a well-diversified portfolio.

About SPDR SP Performance

To evaluate SPDR SP Kensho Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when SPDR SP generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare SPDR SP Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand SPDR SP Kensho market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents SPDR SP's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Under normal market conditions, the fund generally invests substantially all, but at least 80, of its total assets in the securities comprising the index. SPDR Kensho is traded on NYSEARCA Exchange in the United States.

Things to note about SPDR SP Kensho

Checking the ongoing alerts about SPDR SP for important developments is a great way to find new opportunities for your next move. Etf alerts and notifications screener for SPDR SP Kensho help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

SPDR SP Alerts

Equity Alerts and Improvement Suggestions

SPDR SP Kensho was previously known as SPDR SP KENSHO and was traded on NYSEARCA Exchange under the symbol XKII.
The fund maintains 99.9% of its assets in stocks
Additionally, take a look at World Market Map. You can also try My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

Complementary Tools for analysis

When running SPDR SP Kensho price analysis, check to measure SPDR SP's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SPDR SP is operating at the current time. Most of SPDR SP's value examination focuses on studying past and present price action to predict the probability of SPDR SP's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move SPDR SP's price. Additionally, you may evaluate how the addition of SPDR SP to your portfolios can decrease your overall portfolio volatility.
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The market value of SPDR SP Kensho is measured differently than its book value, which is the value of SPDR SP that is recorded on the company's balance sheet. Investors also form their own opinion of SPDR SP's value that differs from its market value or its book value, called intrinsic value, which is SPDR SP's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SPDR SP's market value can be influenced by many factors that don't directly affect SPDR SP's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SPDR SP's value and its price as these two are different measures arrived at by different means. Investors typically determine SPDR SP value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR SP's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.